Tag: bank

Monday morning: an overview

Appetite
risk appetite is restored:
for instance, in Asian markets
Monday morning show steadygrowth. The reasons for this improvement – partly
elated over the ocean on
Wall Street, in part – a little better
than-expected stress test results
European banks. ECB statement
130 of the largest eurozone creditors
25 failed the check-in at the end of last
year, but most of them since
It has already managed to recover.

but
Test results – rather grim
a reminder that the long-term
state of the credit sector in Europe
still need to do something about it, and work
lots of. Due to bad loans
and hidden loss of future profits
It is a big question.
Accounting company KPMG
notes in his commentary that
banks are facing significant
problem: the sector is still
chronically unprofitable.

Euro
It rose by 0.3% against the dollar:
EUR / USD is now fluctuates
at the level of 1.2703. The pair managed to move away from
two-week low last week
$ 1.2614.

AT
Friday came important makrostatisticheskie
Details: Commissioning of housing in the US
GDP for the third quarter in the UK.
Both of these figures are somewhat reduced concerns
about the growth of global markets.
Home sales in the US rose to
six-year high, while the British
the economy grew by 0.7%.

Americanstock markets rose also due to
excellent results of “blue chips”
Microsoft and Procter Gamble.

what
As for raw materials, the Brent crude oil
Friday stepped loss to 85.93
dollars per barrel. there are signs
that global supply will continue
rise: Iraq increased its oil resources
In October, Libya productivity
remains high, and it is – despite the fact that
in both countries is now continuing
a period of instability. gold fell
under the pressure of strong economic
the results of America
and Britain: XAU / USD lost
0.1% to 1230.97 dollars per troy ounce.

Russia ranked 62 in the ranking of Doing Business

new
the international rating Doing Business,
compiled by the World Bank, Russia
62 took place (last year – 92 place).
In fact, the country has improved performance
Only two positions, but such growth
due to the fact that the authors of the rating a bit
We changed the research methodology.
If last year was considered as well,
Russia would have been 64th place.

The leader in the ranking
Singapore. The top ten economies
the world where the most favorable conditions
for business, included New Zealand,
Hong Kong, Denmark, South Korea, Norway,
USA, Great Britain, Finland and
Australia. The greatest progress achieved
Tajikistan – by improving the legal
environment for business
activity.

With regard to evaluation
rating results, the level of
ease of doing business is very country
similar to Greece (61 place) and Moldova
(Number 63). business procedures
Russia simpler – for example, abolished
compulsory payment of the authorized capital
before registration, as well as mandatory
notify the tax authorities on
opening a bank account.

Next posts

Central Bank abolished the dual currency corridor for the ruble

Central Bank of Russia canceled from November 10, the mechanism of the exchange rate policy, and now it will not count the permissible range of values ​​for the value of the currency basket and carry out regular interventions at the boundaries of its range. This was reported on the site controller.

The new approach is that as long as there is a complete renunciation of foreign exchange intervention, they will be carried out in case of threats to financial stability. Now the exchange rate will be formed under the influence of market factors, and this, according to the regulator, should help improve the quality and effectiveness of monetary policy the Bank of Russia, as well as to ensure price stability. In the end, a new approach to the conduct of operations in the domestic foreign exchange market is to accelerate the adaptation of the economy to changes in the external environment, as well as to increase its resistance to negative shocks.

Previously, Bank of Russia used the ruble value of the currency basket (dollar’s share was 0.55 euros – 0.45) as the operational indicator. The boundaries of this interval is adjusted if the accumulated amount of currency interventions reached the set value – of $ 350 Mill.

Recall that on November 5 of the Central Bank has limited the amount of daily interventions – a maximum of $ 350 million a day, November 7 but has confirmed that it is ready to increase this amount if necessary to bring down the excessive demand for the currency.

Morning cheerful: the dollar above 48 rubles, euro above 59 rubles..

This morning, at once
after the opening of trading on the Moscow
Exchange the ruble fell against the euro and the dollar.
So, it has been updated once again
highs currency pairs.

The pair USD / RUB
It is now trading at a level
47.56 rbl., And at 9:52 on MSK pair reached
mark of 48.43 rubles. The pair EUR / RUB,
in turn, is traded
at the level of 58.95 rubles., the maximum current
session (after opening) was at 10:01
for MSK. – 59.53 rbl.

Now the situation is a little bit
stabilizes. economists vied
It says it is the result of policy
central bank, which is almost
let the national currency free
swimming.

Church proposed the establishment of the Orthodox banking system

Russian Orthodox
the church offered to consider creating
Orthodox banking system. it
proposal was made by the head
Synodal Department for
Church and Society, Archpriest Vsevolod
Chaplin. He also called for a debate
about how to make the Russian
economy more independent.

"We are told that
known crisis with the fall of the ruble
against the dollar is a measure
the state of our economy. And who is it
I say? We see that the Russian economy
I fell on the quarter, which fell
ruble. This means that someone is trying to
evaluate us on the real state
our economy, and according to the rules
Information bubble which first
inflated, then descends"-
said the priest at a meeting in Moscow
with the club "Russian businessman".

According to him, Russians
They are trying to convince that country
experiencing a catastrophe, although in
fact, we see that this is not so, and that these
estimates are given on the orders of some
“The exterior centers.” “Immediately there
question: why can not we develop
own evaluation criteria state
our economy and its future “- said
Church spokesman.

He called for a debate:
how to gain independence from Russiamanagement decisions and the estimates
"who invented not by us, not by
our guidelines". Also in his speech it was
call to create not just an independent
banking systems in the
independent relationship with one or
other centers without the mediation
external center in New York or
Hong Kong, “a system that would
It based on ethical rules. “

Vsevolod Chaplin have
the fact that it turned out at Muslims
who refused to usury,
loan interest, but not lost
"the effectiveness of Islamic banking".
The priest offered to think about,
"Whether Russia can offer the Orthodoxsystem banking without usury,
included in a direct relationship with China,
Islamic world, in other growing
the world’s centers of influence". Question about
who will do all this and that
out, remained open.

Euro is trading below 55.5 rubles, the dollar -. Below 45 rubles.

On the morning of currency
trading on the Moscow Stock Exchange today
fell sharply pair EUR / RUB and
USD / RUB. So,
at 10:43 MSK on the euro dropped to a mark of 55.365
(Down 2.27%), and the dollar – to the level of
44.622 (below 2.32%).

During the opening of the stock exchange
euro exchange rate was 55.95 rubles.

Throughout the past week
Russian ruble strengthened against
dollar. Experts distinguish among the main
the reasons for the strengthening of oil prices, which
He returned to the area of ​​$ 80
a barrel. Oil, in turn,
strengthened by meeting expectations
OPEC, which consisted of 27 November, as well as
after news of the reduction of interest rates
Chinese Central Bank.

GBP / USD: I am waiting for Carney, and he disappointed

Comments of the Bank of England Governor Mark Carney had a negative impact on the mood of the pound, which caused a decrease GBP / USD to lows in the 1.2680 area. Head of the regulator said that it is not the time to discuss the growth rates, given the weak growth of inflationary pressure.

Dovish tone of the statements caused a rapid collapse of the GBP / USD to 5-day lows near 1.2680 / 70, while the yield on 10-year government bonds declined in Britain under the critical level of 1.00%.

Levels of GBP / USD

At the time of writing, the pair is trading down by 0.48% in the area of ​​1.2677. Breakdown 1.2633 (100-day sma) pave the way to the area of ​​1.2632 (at least 9-June), and then to the area of ​​1.2558 (200-day sma). Immediate resistance observed near 1.2814 (maximum 19 June), then in the area of ​​1.2836 (20-day sma) and then close 1.2979 (maximum 8 June).

Switzerland hit by the price of gold

On
Monday trading gold has lost
1.73% of the price, and at 10.36 MSK traded at
$ 1 155.10 per troy ounce.
The main reason for this decline – in
the results of yesterday’s referendum
Switzerland. It nationals
voted against the proposal
oblige a national regulator to keep
at least 20% of its assets in gold
bullion.

If
would the law was passed, the central bank of Switzerland
I would have been forced to triple reserves
his gold by buying a half thousand
tons of gold. For comparison – the annual
the rate of global gold production is
3000 tons, that is, in the case of adoption of the law
Switzerland would have to buy out
half of annual global production, spending
this $ 72 billion.

AT
end gold is very much cheaper
due to the fact that it became clear that in the near future
time record demand from
Switzerland will not happen.

Top 10 largest Russian IPO

recently edition
“Vesti-finance” has compiled a list
the largest Russian IPO
companies. Headed “Rosneft” list
– the cost of shares sold during the
placement.

Let’s see what the company
go after her.

1. The largest IPO – at
“Rosneft” company. she spent
initial public offering in July 2006
the year in which sold 14.8% stake for $ 10.7 billion.
In addition to that, this arrangement was
leader in the number of participating in
it ordinary citizens – more than 115 thousand.
Russians. As a result, the state’s share in the Tax Code
“Rosneft” has fallen to 75.2%. Recall,
This week, Prime Minister allowed
sell another 19.5% of shares of “Rosneft”.

2. The People’s IPO of VTB Bank.
He in 2007 became the first Russian
Banks spent IPO. volume
funds from the placement amounted to $ 8 billion.
Publicly placed 22,5% stake again
on the two exchanges – the London and Moscow.
In Russia, more than 120 thousand. Citizens participated
in the redemption of shares.

3. UC Rusal Oleg Deripaska.
A major manufacturer of aluminum in January
2010 posted on the Hong Kong Stock Exchange
10.6% of the shares for $ 2.24 billion.

4. Russian developer
PIK created Kirill Pisarev and
Yuriem Zhukovym. He held an IPO in
May 2007, which placed the shares at $ 1.93
billion.

5. Mobile Operator
communication “Megaphone”, which in November 2012
year posted on the London Stock Exchange
15.2% of the shares for $ 1.83 billion.

6. AFK “System“. Company
completed an IPO in February 2005
of the year. Then sold on the London Stock Exchange
16.5% of the company for $ 1.56 billion.

7. “Yandex”. IPO held
in May 2011, on the stock exchange NASDAQ, the placement volume
– 16% of shares for $ 1.4 billion.

8. Development Company
AFI Development. The company raised $ 1.4 billion in
During the initial public offering in May 2007
on the London Stock Exchange.

9. TCS Group Holding. In October
2013 Oleg Tinkoff posted on
London Stock Exchange, the shares of this holding,
control TCS-bank. During the IPO was
It attracted $ 1.09 billion.

10. TMK
Company Dmitry Pumpyansky. TMK
IPO on the stock exchanges in
London and Moscow in October 2006. volume
Accommodation – 20.62% stake for $ 1 billion.